An innovative way to reward shareholders

  • Achiievers

The Board of Britannia recently approved the issue of bonus debentures to its shareholders in the ratio of 1:1. Like a true-blue bonus, the issue of bonus debentures will be free for shareholders. Instead of issuing bonus shares and reducing the market...

  • 0 Comments
  • Share to Facebook
Read More

This could be the currency to watch out for

  • Achiievers

The last time that the Turkish Lira faced a crisis was in 2001 when many Turkish banks went bust. The Turkish Lira has plummeted more than 42% since the beginning of the 2018 with the currency losing nearly 16% on Friday itself. Where does Turkey go...

  • 0 Comments
  • Share to Facebook
Read More

HDFC AMC

  • Achiievers

Valuations are factoring deep into the future When Reliance AMC announced its IPO last year, the big question was why does an AMC need an IPO and a listing? After all, an AMC is in the business of managing money on behalf of retail and institutional...

  • 0 Comments
  • Share to Facebook
Read More

SBI was largely responsible for the Nifty weakness on Friday

  • Achiievers

SBI was largely responsible for the Nifty weakness on Friday after it announced disappointing results for the first quarter. SBI reported the third consecutive quarterly loss; this time of Rs.4800 crore as the bank decided to front end the investment...

  • 0 Comments
  • Share to Facebook
Read More

MARKETS JITTERY ON GLOBAL CUES

  • Achiievers

The rally petered out on Friday after SBI disappointed the street with the third consecutive quarter of losses. This time the losses were due to front-ending of the provision for investment depreciation. The markets are likely to be worried in...

  • 0 Comments
  • Share to Facebook
Read More

SHORT COVERING IN BANKS TAKES NIFTY HIGHER

  • Achiievers

The rally in the Nifty was led by Axis Bank and ICICI Bank with short covering on both these counters taking the markets higher on the weekly expiry of the Bank Nifty. The trend may not really sustain. There is a bigger worry for the world markets...

  • 0 Comments
  • Share to Facebook
Read More

NIFTY APPROACHES MISSION 11,500

  • Achiievers

It was a day when the Nifty was led by oil stocks and banking stocks as the Nifty crossed the 11,450 mark. With the rate hikes being front-ended in August and the US holding status quo, the Indian markets are breathing more freely. With oil stabilizing...

  • 0 Comments
  • Share to Facebook
Read More